Uk Economy

UK pay growth slows as Bank of England mulls rates pause

Pay excluding bonuses rose by 6.5% compared with 6.7% in the three months to December

UK mulls no sick leave for workers in bid to boost economy

Doctors would be encouraged to highlight 'benefits of work' and will be asked to deny sick notes that keeps workers completely out of the labour market

UK manages to escape recession but yet to recover its lost output post-COVID; details here

The Office for National Statistics (ONS) issued fresh figures about the UK's economic growth in the last quarter

Among developed economies, UK to fare the worst: IMF

As per the earlier forecast, Britain was expected to grow by 0.3 per cent this year and 0.6 per cent next year, which IMF said that it now sees -0.6 per cent this year (2023) and 0.9 per cent growth in 2024

UK dismisses economic 'gloom', eyes Brexit boost

The Bank of England and the UK government's own fiscal watchdog, however, believe that the economy has already entered recession on fallout from rampant consumer price inflation

What are 'warm banks' which are opening across UK?

Charities, councils, community groups and businesses across the UK are all opening up warm banks this winter

Wages in UK next year to be at their lowest level since 2006

The report confirms that wages have stagnated in Britain even as inflation hits double digits, sparking the worst cost-of-living crisis in decades

UK inflation eases, remains close to 40-year high

The news comes after the U.S. on Tuesday reported a second consecutive drop in its inflation rate. U.S. consumer prices rose 7.1% in November, down from 7.7% in October

UK economy shrinks 0.3% in three months through October

Gross domestic product, the broadest measure of economic activity, fell by 0.3% in the period when compared with the three months through July, the Office for National Statistics said

UK Economic Meltdown: In dire straits, even seriously ill people not taking leave as they need the money for food, fuel

With the ongoing economic crisis in the UK, patients are extremely worried about fuel costs this winter